Global Surgical Case Carts Market Size

Surgical Case Carts Market Analysis

The Global Surgical Case Carts Market size is estimated at USD 415.36 million in 2024, and is expected to reach USD 590.5 million by 2029, growing at a CAGR of 7.29% during the forecast period (2024-2029).

The COVID-19 pandemic and numerous advisories from the respective government regarding surgical procedures led to a significant decrease in surgical procedures around the world. For instance, according to the study published in PLOS One, in August 2022, the quaternary care facility successfully dealt with the COVID-19 pandemic's pressures by significantly reducing the number of surgical procedures performed during the peak of the pandemic. However, despite uneven recovery rates across subspecialties and case classes, total surgical procedure volumes did not fully return to pre-COVID-19 levels until well into 2021. This has impacted the adoption of surgical case carts due to the reduced number of surgeries during the pandemic. However, the number of surgeries increased after the initial decline during the pandemic, and it is expected that the studied market will bounce back to its full potential in the coming years. For instance, according to the research study published in Frontiers in Surgery, in December 2021, there was a 48.0% decrease in total surgical procedure volume immediately after the March 2020 recommendation to cancel elective surgical procedures. However, after the reopening, the rate of surgical procedures rebounded to pre-pandemic levels, and the trend was maintained throughout the peak burden of patients with COVID-19 in the fall and winter in the United States. This shows that the number of surgical procedures is expected to reach a pre-COVID level soon, and the studied market is expected to grow over the forecast period.

Certain factors that are propelling the market growth are the increasing number of surgeries and rising healthcare infrastructure.

The increasing burden of chronic diseases among the population raises the need for surgeries which in turn is anticipated to fuel the demand for surgical case carts, hence propelling the market growth. For instance, according to the data published by the OECD, in August 2022, 94.87 thousand surgeries were performed in Portugal, followed by 49.33 thousand in Denmark, 32.84 thousand in Ireland, and 21.5 thousand in Norway. Also, in October 2022, Hexahealth published a report stating that the estimated number of bypass surgeries is 60,000 in India annually.

Additionally, as per the German Heart Surgery 2021 report, about 92,838 heart surgeries were performed in Germany, including 36,714 isolated heart valve procedures, 27,947 isolated coronary artery bypass grafting procedures, and 329 isolated heart transplantations that year. Therefore, such a huge number of surgeries will lead to increased adoption of surgical case carts during the surgeries, thereby driving market growth over the forecast period.

Furthermore, the rising healthcare spending across the countries is also expected to propel the market growth. For instance, as per the data published by the OECD, in August 2022, the estimated per capita healthcare expenditure in European countries such as Austria, Germany, Ireland, and Poland in 2021 was EUR 5,488.2 (USD 5902.09), EUR 5,498.5 (USD 5913.17), EUR 5,665 (USD 6092.23), and EUR 4,568.8 (USD 4913.36), respectively. Therefore, the high per capita expenditure on healthcare in European countries will lead to increased adoption of healthcare in European hospitals, thereby leading to the adoption of surgical case carts in surgical rooms, driving the market growth.

Therefore, owing to the aforementioned factors, the studied market is expected to grow over the forecast period. However, the lack of infrastructure in developing countries is likely to hinder the growth of the surgical case carts market over the forecast period.